Election years are particular.
Financial institution of America put out a be aware final week saying that the concept of “promote in Might and go away” isn’t all the time true — particularly throughout election years.
Which now we have this yr.
I went again to 1928 and ran all the information.
June to August is definitely the second strongest three-month interval for the yr, going again to 1928.
It reveals the S&P 500 up 65% of the time with a median return of three.2%. However guess what?
In election years, it will get even higher.
Between June and August of election years, the S&P 500 is up 75% of the time with a median return of seven.3%.
Now, I don’t wish to sound like a conspiracy theorist … however when you’re operating for reelection — like now we have this yr — you’re going to pull any potential strings you’ll be able to to make the financial system and the markets look higher than anticipated.
On Might 9, the S&P 500 rallied 26 factors on the information of a soar in U.S. jobless claims to the very best stage since August.
However the market has been on an upward swing…
The Dow, S&P 500 and Nasdaq are all up at a median of 4% collectively, since Might 1.
Dangerous information for the broader U.S. financial system is sweet information for shares — as dangerous information means the Federal Reserve might reduce charges sooner moderately than later.
Paired with the historic knowledge and my very own take (which we’ll get into at this time), I predict that we’re proper on the cusp of an excellent better summer season rally up forward.
That will help you make the most of this, one alternative we’re highlighting at this time is a brand new and promising one for synthetic intelligence…
It’s in its early phases, however already it reveals the potential to grow to be a $2.5 billion market!
Discover out extra in at this time’s video…
Click on the thumbnail beneath to start out watching:
(Or learn the transcript right here.)
🔥 Sizzling Matters in In the present day’s Video:
- Market Information: Dangerous information for the financial system really means excellent news for shares this week. Does the most recent financial knowledge sign an upcoming rate of interest reduce from the Federal Reserve? [0:57]
- Tech Tendencies: There’s a brand new AI mega development brewing! Discover out extra about this potential $2.5 billion investing alternative — and the corporate poised to revenue from it. (And if that’s not sufficient, right here’s one other AI alternative). [5:08]
- Investing Alternative: We’ve been researching a brand new commerce suggestion that aligns with at this time’s AI mega development … Particulars on how one can get the alert right here. [7:22]
- Crypto Nook: Consensus 2024 is coming quickly! It’s the world’s largest convention for all issues crypto, blockchain tech and Web3 developments. [9:42]
What Do You Assume?
Do you will have any extra questions on AI innovation, at this time’s mega development or cryptocurrency?
Tell us at BanyanEdge@BanyanHill.com.
Till subsequent time,
Ian King
Editor, Strategic Fortunes
